Saudi Central Bank outlines COVID-19 strategy to IMF

BERN: The International Monetary Fund (IMF) published its updated growth forecasts for the next five years in time for the World Bank and IMF Spring meetings, which are taking place this week. Things look better than anticipated than they did six months ago, or even in January, when the IMF provided its latest update.

The world economy is expected to grow 6 percent, compared to 5.5 percent projected in January, with China and the US providing the lion’s share. The Middle East and Central Asia stand at 3.7 and 3.8 growth rates for 2021 and 2022.